Report for presentation at the tenth Ordinary Meeting, of the Company, to be held at the Offices of the General Managers on 24th February, 1904, at 4 o'clock p.m.
The Directors submit their Report together with the Accounts of the Company for the twelve months ending Bist December, 1903, Throughout the year the Mill has been worked during the day only; the machinery is in good working order.
In accordance withthe resolution passed at the last General Meeting the sum of Tls. 44,253.58 has been written off to Depreciation Account.
This year's. working shows a credit at Profit and Loss account of Tls. 64,668.44, which the Directors recommend be dealt with as follows:
Building: 195,676.47 Machinery 326,008.61 Less depreciation 98,434.25 582,574.36 Property Chinese fonses, Less depreciation 45,000.00 Reservoir and Land Improvements. 32,889.86 Levs depreciation 6,889.86 26,000.00
Less depreciation "781.63 2,554.17 Value of Stock arn, 71,380.08 Coals. 1,51 Cotton and Waste 815,581.
Mill Si 409,404.09
Text read from the printed page and cleaned; old type leaves the occasional error.